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DeFiance Capital CEO: PUMP has repurchased 11% of the circulating supply, but the Token price is still below the public sale price.
PANews, November 14, reported that Arthur Cheong, CEO and Chief Investment Officer of DeFiance Capital, tweeted that PumpFun has repurchased 11% of the circulating supply of PUMP tokens since the start of its buyback, with an annual buyback scale expected to reach 400 to 500 million dollars. Nevertheless, the current price of PUMP is still below its public offering price of 0.004 dollars, and the market for this asset is still in a “speculative discount” phase.